A common enemy in the crypto world--Elon Musk!

[tsaroz]

It seems so after that bitcoin statement and subsequent fall in overall crypto prices. But Elon Musk has played a great role in bringing crypto to mainstream media. Even the media that used to avoid crypto as much as possible were bound to cover the news about Elon Musk. And many people though without proper plan jumped entered the crypto market. It may bring some hassle but Elon has done a great work for crypto advertisement.

[Cling18]

Investors also hold a huge effect on the market situation because every time Elon Musk tweets something, they believe him right away and panic. Elon is a manipulator and he plays with the market for his own benefit. The best thing that we should do about it is just to take advantage and make money out of it.

[Yamifoud]

Elon Musk bought BTC some time ago, saying that BTC has various advantages;

But when he now cleared the warehouse after making money, say BTC all sorts of bad, which caused the extreme panic of the market.

I hate him！


But how could we do?
In my opinion, on the one hand, we should hold on to BTC. On the other hand, as practitioners, we should continue to discover and create high-quality blockchain projects, so that the blockchain industry can be recognized by more people.

We just escalated the issue about the current market situation. Maybe it was enough to think that Elon Musk had started this even though he was not yet proven guilty. If we keep talking about him, about Tesla, and SpaceX, the more people got panic and think badly about selling their Bitcoin.
What we want to do now is to calm people, to help them understand that sometimes the market behaving like this. No Elon Musk, No Tesla, and NO manipulation but this is just a normal market correction, and the time has come that will be turning back low again like in the previous years.

[gurunanakji777]

I don't think so he is the only one who can manipulate the market there are many other big players who invested huge money in the BTC. Only Elon's statement can not affect the market like this. He is behaving like McCafe and soon nobody will pay attention to his tweets. He keeps changing its statement if you check his regular tweets so don't take this guy more seriously. I feel a market correction is taking place at the moment.

[Ekyfitri]

I don't think so he is the only one who can manipulate the market there are many other big players who invested huge money in the BTC. Only Elon's statement can not affect the market like this. He is behaving like McCafe and soon nobody will pay attention to his tweets. He keeps changing its statement if you check his regular tweets so don't take this guy more seriously. I feel a market correction is taking place at the moment.

When he increasingly plays with his followers on social media, I think that soon no one will start to care about what he writes. we've seen events like this happen in the past. and at the moment it seems like ELON is repeating. I think, not everyone will be happy if you keep being teased. Elon has to fix what he's doing if he doesn't want to see how his popularity will fade.

[Sterbens]

everyone began to vent their frustration over the impact of some claiming to be the great popes. Maybe some time ago, you didn't blame Elon Musk for the price hike, because you had a fortune about it. but after turning around and throwing away the price, you will say Elon is the enemy.

I don't blame anyone, but we need to realize again, that everything will be corrected in time. and we have to accept this gracefully. the householder blames some people, because he sticks to his own business principles.
And for that, we don't see the crypto market as a decentralized market when we hit 2021. There's something the whales are playing with.

[int03h]

We need to be aware of the fact that the current crypto space is so easily swayed by side news. Tesla is just one of the thousands of great companies in the world so we need to get things right. Microsoft, Amazon, Payal, Visa... and dozens of other companies are allowing Bitcoin as a payment unit in their ecosystem, and investment funds are actively buying Bitcoin. So we need to put aside the idea that Tesla and Elon Musk are too important in the crypto space. Let's once again overcome the crisis and put Bitcoin on the moon.

We have seen dozens of events worse than Tesla stopping accepting Bitcoin as payment or Elon Musk's meaningless tweets like China, India used to ban Bitcoin or electronic exchange hacks. Big companies like MTGOX, BIFINEX, KUCOIN, BINANCE...

The most recent was the black swan event in March 2020 that caused Bitcoin's value to drop by more than 50%.
We need to change our minds and have a more positive view of the market. Don't hate Elon Musk, consider how our community has corrupted the crypto space. They were too greedy, wanted big profits and encouraged new shitcoin projects like SHIBA, AKITA, SAFEMOON...

[Fivestar4everMVP]

Well, to be sincere, I don't hate Elon musk, he's a business man, people should understand this, who ever is in business is there to make money, to make good profit from he's or her investments, Elon is simply doing that.
Those I honestly hate are those who gave Elon power to manipulate the market, those who allow their brain to be bought by Elon musk, those who made Elon their God and believed in everything he says.
People with no brains have given Elon musk so much power thinking that Elon will use that power to better their lives but unfortunately today, the reverse is the case, instead of using the power given to him to better the lives of those that gave him the power just because they believed in him, Elon decided to use that power to enrich himself more by constantly manipulating the market, this goes a long way to tell us that people aren't always what they seem to be, they might just be goats hidin in sheep's clothes

[Fesatmas]

But how could we do?
In my opinion, on the one hand, we should hold on to BTC. On the other hand, as practitioners, we should continue to discover and create high-quality blockchain projects, so that the blockchain industry can be recognized by more people.

because we are practitioners, as much as possible we should be able to have strategies and targets in making some decisions. going back to Bitcoin is a must, and don't forget that even current DeFi flows are very important to be reckoned with in our list of targets. that way there are several opportunities for achievement, after Elon made a few provocations, we should be able to read the direction of his mind. because if we can't do that, then how long can we watch it with Elon Musk tweet, which can easily change prices in no time.
we get into the DeFi stream, and try to do some research into it all.

[bitzizzix]

It is humane when someone comes in and gives a very influential advantage then that person will become an idol and be proud of, and when that person leaves or makes a mistake because it has become a decision it will become hateful and be blamed.
In my opinion, the latest news about Elon is up to him and it is his right to do whatever it takes even if it affects the decline in the price of bitcoin and other cryptos.
However, we have to admit that Elon's original plan has benefited a lot of people and made bitcoin and other cryptos even more popular because of his plans, with what happened we had to respond patiently and smartly because when profits come there will be losses.
what happens is normal, and we must be prepared to accept losses after making a big profit and making the best of the moment.

[Fredomago]

It is humane when someone comes in and gives a very influential advantage then that person will become an idol and be proud of, and when that person leaves or makes a mistake because it has become a decision it will become hateful and be blamed.

that's how things rotate from any kind of market, a person is good in the eyes of everyone if he's providing productive influenced inside the business, while if he already not doing any good, pointing finger on him is usually happened.

In my opinion, the latest news about Elon is up to him and it is his right to do whatever it takes even if it affects the decline in the price of bitcoin and other cryptos.

We don't have that capabilities to conclued what's good or bad with someone's decisions and stand regarding to his chosen moves..

However, we have to admit that Elon's original plan has benefited a lot of people and made bitcoin and other cryptos even more popular because of his plans, with what happened we had to respond patiently and smartly because when profits come there will be losses.
what happens is normal, and we must be prepared to accept losses after making a big profit and making the best of the moment.

We should continue to analyze what are the adjustments that we needed to do, there are many twist around we need to decide with
extra carefulness with our invested money.

[lionheart78]

Elon Musk bought BTC some time ago, saying that BTC has various advantages;

But when he now cleared the warehouse after making money, say BTC all sorts of bad, which caused the extreme panic of the market.

I hate him！


But how could we do?
In my opinion, on the one hand, we should hold on to BTC. On the other hand, as practitioners, we should continue to discover and create high-quality blockchain projects, so that the blockchain industry can be recognized by more people.

Don't let emotion control you, instead look at the opportunity Elon Musk had created for you.  He bought Bitcoin and shilled it, Bitcoin surge so it is a selling time for you.  An now that he sold his stash and FUD the Bitcoin market, isn't it a time to buy back at a discount?  Be rational and always look for the opportunity to profit even if it is a misfortune.

[iv4n]

Look at some of my previous comments... I am saying Elon is a hypocrite! I used the exactly same words! First, he makes a lot of money (a little fortune), and later he said how Bitcoin is bad! It's not good... And he did the same with Doge! First, he said how Doge is great, later he twisted how Doge is not decentralized enough! He moves the market with his tweets and I am sure he is taking advantage of these price swings!
I am not sure is Elon the enemy of crypto! The fact is that he made a lot of profit with crypto, but looks like he has some hidden agenda! What it is we can speculate, but from what we could see until now, he is a hypocrite... he cares only about how to get richer and nothing else!

[Gatorelf]

you just have to remember BTC was contradictory to Tesla's agenda of a greener world. Whatever coin he does approve of will blast off regardless of opinions.   

[Coroline]

Elon is trying to make an impact in the crypto world, there's no need to panic. don't we all know that crypto is decentralized. it is ironic if every elon decision becomes a reference for the crypto world, it becomes backward and it damages existing technology. Before elon expressed interest in the crypto world, bitcoin and others had been strong before that. So there's no need to panic about what Elon is doing, maybe after this he makes his own coins hahaha.

[Vaculin]

Too much trust and confidence that we put into Elon Musk and Tesla could help the market to grow as they are accepting Bitcoin but somehow, due to a single tweet changes it all and started to dump the market price. I really don't know how it creates panic in the community?

If Elon Musk and Tesla purchase a huge number of Bitcoin and dump it all, this could obviously make a huge change but for that tweet alone, I can't really imagine that. There is something we need to find out as I believe that this is not all about the tweet but there might other reason/s that we never knows until now.

[sukmo]

Elon deliberately plays the market, we don't need to panic, we should just follow the game. If we panic it will only create losses, but if we can keep up with the game, we will make a profit.

Yes you say, this is just a game so stay calm and always follow the developments do not rush to act so that we do not lose.

[NorvsGanda]

What Elon Musk is doing right now is the true power of being wealthy. That is the ability of having so much resources, connections, influence and world class TA team. Elon Musk is the true visionary but we can't set aside the fact that it is quite scary of what he can do more in crypto space/world.

[KimmyF]

Elon Musk bought BTC some time ago, saying that BTC has various advantages;

But when he now cleared the warehouse after making money, say BTC all sorts of bad, which caused the extreme panic of the market.

I hate him！


But how could we do?
In my opinion, on the one hand, we should hold on to BTC. On the other hand, as practitioners, we should continue to discover and create high-quality blockchain projects, so that the blockchain industry can be recognized by more people.

Cryptocurrency main rules or we always try to remind everyone that "do your own research". Elon must be just a person who also invested in Bitcoin. We shouldn't believe anyone's tweets or comments. You can blame Elon Musk, it's up to you. Later, I think that Elon musk is helping more people to gather knowledge of cryptocurrency. In the future, those people don't need Elon Musk or his tweets. Actually what we need, we got it (more investors).

[iTradeChips]

If you are going to ask me then I would say that I don't really give a flying fart what Elon say. In the first place even if he is a billionaire, his billions cannot affect the market of crypto. He can affect the social aspects of people wanting to buy and sell. But certainly not the market, not the coins themselves. Even if Elon sold all of his Bitcoins, it will not have an effect. So we can all just chill, buy the dip, and then thank each other later for surviving another interesting year for crypto.